Jeff Bewkes is preparing to exit his role at Time Warner if the company's merger with AT&T is approved. Bewkes -- who, during his 38-year career with the company, has fended off a hostile takeover and helped the company bounce back after it merged with AOL -- stands to walk away with as much as $95 million if the deal is approved by the White House.
The three major cable news networks saw an increase in revenue for the quarter, led by MSNBC, which was up 40%, followed by CNN with a 21% increase and Fox News with an 11% increase, per a report from Standard Media Index. Fox News' "Tucker Carlson Tonight" commanded the highest price for cable advertising, with $13,779 for a 30-second ad, the report found.
Pay-TV lost an estimated 802,000 subscribers in the first quarter, Kagan data indicate. Analysts are predicting an even more difficult second quarter for pay-TV services, with Moffett estimating a drop of about 1 million and Wells Fargo analyst Marci Ryvicker predicting a loss of 1.28 million for the quarter.
Sean Spicer faced obstacles from the very beginning in his role as President Donald Trump's press secretary, Michael Bender writes. Issues such as Spicer's controversial relationship with the media during press briefings, as well as his alleged taking of a mini-fridge from junior staffers, didn't help matters, but ultimately, being out of sync with the president led to his resignation, Bender writes.
The iPhone retains its title for mobile game monetization, but Samsung's Galaxy S and Google's Pixel are catching up and, per DeltaDNA, are on track to surpass the Apple product. "What's interesting is how the screen size and performance of the device contribute massively to strong monetization," said Mark Robinson, DeltaDNA's CEO.
AudienceBloom's Jayson DeMers shares the results of a survey of 376 marketers about the state of play in digital marketing, including the fact that almost 45% intend to increase their online ad budgets but still struggle to measure return on investment. Facebook is the most popular social platform, followed by Instagram, and 95% of respondents intend to maintain or increase their social marketing budgets.
Atlantic Broadband President and Chief Revenue Officer David Isenberg says the company's acquisition of MetroCast is a "spectacular operational fit." The compatibility of the companies means that MetroCast will be able to transition to Atlantic's pricing and branding as soon as two months after the close of the deal, Isenberg says.
Comcast has officially opened its Fort Collins, Colo., customer support center. The center can accommodate around 600 representatives, and the company has also launched a $10,000 grant program for Neighborhoods United that will provide low-income students in the area with school supplies.
Showtime Sports has put a recommended $89.95 price tag on the pay-per-view boxing match between Floyd Mayweather and Conor McGregor. An additional $10 is expected to be tacked on for the high-definition feed, a premium price the market will pay for "a once-in-a-lifetime type of event," said Stephen Espinoza of Showtime Sports.
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